NOTICE - This edition of the Catalog of Studies is provided as a courtesy to students who may be attending classes under these degree requirements. If you are a prospective student, or are attending class under a different set of degree requirements, please visit

http://catalogofstudies.uark.edu/

to find your class year catalog.

MISSION STATEMENT

Our mission is to provide an environment of educational excellence in the business disciplines that stimulates learning and innovation consistent with our land-grant heritage.

In our educational, scholarly, and service endeavors, we will value the following:

• Ethics and Professionalism - We believe that organizational practices must be built on an ethical foundation and high standards of professional behavior.
• Excellence - We strive for excellencein all that we do.
• Entrepreneurial Spirit - We value creativity, innovation, and entrepreneurial spirit.
• Collegiality and Community - We believe in working together in a collegial fashion, and we examine situations and ideas from multifaceted and diverse perspectives.

ORGANIZATION AND FACILITIES

The Sam M. Walton College offers degree programs for undergraduate students and for graduate students at both the master's and doctoral levels. The college has been a member of and accredited by AACSB-The International Association for Management Education since 1931. The accounting program was accredited separately in 1986 at both the bachelor's and master's level. The master's degree in the business administration program was approved in 1963. Accreditation by and membership in that organization signifies commitment by the college to the goals of promoting and actualizing the highest standards of business education.

Walton College is located in two modern buildings designed to be a functional home for the on-campus programs. These attractive facilities house fully equipped classrooms for the majority of business classes, five state-of-the-art computer laboratories for both class and individual use, faculty and administrative offices, and a large study room equipped for individual as well as group studying.

The library of the college is part of the general University Libraries and is housed in Mullions Library. The business and economics collection comprises approximately 55,000 volumes and makes this library one of the best in the region.

Walton College also operates centers for research, outreach, and public service. Information about these centers may be found in the University Centers and Research Units section of this catalog. Walton College centers include the following:

• Arkansas Household Research Panel
• Bessie Moore Center for Economic Education
• Center for Business and Economic Research
• Center for Management and Executive Development
• Center for Retailing Excellence
• Information Technology Research Center
• Supply Chain Management Research Center
• Small Business Development Center

UNDERGRADUATE DEGREE PROGRAMS

Undergraduate students may pursue curricula leading to one of the following degrees: Bachelor of Science in Business Administration (B.S.B.A), Bachelor of Science in International Business (B.S.I.B.). In each of these degree programs, the pre-business requirements must be completed before students may enroll in upper division business courses. Students in Walton College may pursue an academic minor in the J. William Fulbright College of Arts and Sciences. Walton College also offers a business administration minor for non-business students. Degree programs and minors are outlined on subsequent pages.

All students admitted to the University of Arkansas, Fayetteville, are eligible for admission to the Sam M. Walton College of Business. Students will be required to follow the degree program requirements set forth in the catalog corresponding to the student's first semester in Walton College, not the first semester of enrollment at the University of Arkansas.

COLLEGE SCHOLARSHIPS

High school graduates who expect to enroll in Walton College are encouraged to make application for scholarships made available to freshmen by individuals, business firms, and organizations. Also available to freshmen, regardless of degree program, are freshmen academic scholarships. Information on these financial awards may be secured from the University Scholarship Office and the Walton College Undergraduate Programs Office.

Other scholarships from different sources are made available to students in each department in Walton College.

HONORS PROGRAM

Walton College honors program consists of two components: the four-year Walton Scholars Program and the Departmental Scholars Program. Students participating in the honors program will be eligible to graduate cum laude, magna cum laude, and summa cum laude. Students who do not participate in the honors program are eligible to graduate with distinction, a classification separate from the cum laude awards. Honors program students will receive priority for participation in the Arkansas Cooperative Education Program, SAKE, the portfolio management class, and financial support for study-abroad programs. They also have access to an honors study area.

Eligibility in the Honors Program

Admission will be offered to incoming freshmen with an ACT of 28 or higher and a high school GPA of 3.75 Students are required to maintain a cumulative GPA of 3.50 to remain in the program.

Requirements for Walton Scholars Program:

1. Complete 17 of 35 University Core hours in honors courses. Completing honors sections of courses in the Fulbright College will fulfill this requirement. MATH 2554 and MATH 2564 also count toward this requirement.

2. Demonstrate proficiency in a foreign language. This requires 0 to 12 hours of course work. Students may demonstrate
proficiency by completing the 2013-level course in any foreign language.

3. Complete eight to nine credit hours of honors courses in Walton College to include the following:

a) One three-hour college colloquium in a students' major. This is an interdisciplinary course with topics appealing to a wide range of majors. The subject matter changes annually and is targeted to juniors.

b) One three-hour departmental colloquium. Each department will offer one departmental colloquium each year. It is designed for seniors.

c) A two- to three-hour thesis. The thesis is a major independent writing project and arises from an international study experience, an internship, or working with a professor on research.

4. Complete an alternate honors capstone course (replaces MGMT 4833). This is a course emphasizing joint projects with a Walton College corporate partner.

Requirements for the Departmental Scholars program:

1. Complete six hours of honors courses in the University Core OR demonstrate proficiency in a foreign language (as described above).

2. Complete eight to nine hours of honors courses in Walton College to include

a) One three-hour college colloquium

b) One three-hour departmental colloquium

c) A two- to three-hour thesis

STUDENT ORGANIZATIONS IN WALTON COLLEGE

In addition to the general University student organizations, Walton College Student Ambassadors, and a B.A. Dean's Student Advisory Board, there are several college societies open to Walton College students. These include the following:

• Alpha Kappa Psi (business administration professional)
• American Marketing Association
• Association of Information Technology Professionals
• Beta Alpha Psi (accounting honorary and professional)
• Beta Gamma Sigma (business administration honorary)
• Delta Nu Alpha (Transportation Club)
• Economics Club
• Finance Club
• National Association of Black Accountants
• Omicron Delta Epsilon (econ.honorary)
• Society for Human Resource Management

The following policies apply to the pre-business program:

To be eligible to enroll in upper-division business courses in Walton College, a student must obtain at least a "C" (2.00 on a 4.00 scale) overall grade-point average (GPA) in addition to completing the 36 credit hours listed below of pre-business core courses (or their equivalents), also with at least a 2.0 GPA. Further, a student may not have more than six hours of the grade "D" in the courses offered to meet this requirement or the requirement for graduation. The pre-business core courses are as follows:

ACCT 2013
ACCT 2023
BLAW 2013
CISQ 1121L
CISQ 2232
CISQ 2013
COMM 1313
ECON 2013
ECON 2023
ENGL 1013
ENGL 1023
MATH 2043
MATH 2053

Registration in Junior/Senior-Level Walton College Courses

Walton College students must complete the pre-business requirement prior to enrollment
in junior- or senior-level courses in Walton College.

Non-degree seeking students and students enrolled in other colleges are subject to the same course prerequisites as students within Walton College. Specific exceptions to this policy must be addressed to the associate dean for academic affairs in Walton College.

Transfer of Credit Policies

In addition to the University policies controlling the granting of credit for course work taken at other institutions, the following policies apply to transfer work applied to any undergraduate business program:

1. Transfer students considering admission to pursue a major in Walton College must have completed the pre-business courses listed above and have a 2.00 (on a 4.00 scale) cumulative grade-point average in the pre-business courses and in his or her overall grade-point average. Transfer students will be classified as pre-business students until pre-business core requirements have been completed.

2. Students' records will be evaluated each semester to determine whether a student should be moved to a major and have pre-business (PBUS) classification removed. After receiving notification that a student has been admitted into his or her major, the student is expected to arrange for a degree check by the Undergraduate Programs Office to ascertain remaining degree requirements.

3. Neither hours nor grades earned in transfer work are used in the determination of the student's grade-point average. Transfer courses accepted by the University will not be accepted by Walton College for degree purposes unless a grade of "C" or better has been earned in each of these courses.

4. A transferred course cannot carry more degree hours than are available in a similar University of Arkansas course. For example, a four-hour principles of accounting course transfers here as three degree hours.

5. Business courses completed at the freshman or sophomore level at another institution will not count as equivalents of junior- or senior-level courses offered in Walton College (University of Arkansas), and no transfer credit shall be granted for any such course(s) in Walton College.

6. If a student takes courses with different names but with similar content at different institutions or in different colleges within the University of Arkansas, degree credit will be allowed for only one of the courses, for example, principles of economics and agricultural economics.

7. Courses taken at any higher education institution where the course content is remedial are not acceptable for degree credit.

8. The student should be prepared to submit course descriptions, syllabi, or other course-related information for transfer course work if there is any question as to whether Walton College will grant degree credit for such work.

9. At least 50 percent of program requirements in business and economics must be taken in residence.

10. All courses within a student's major and strategic management (MGMT 4833) must be taken in residence at the University of Arkansas, Fayetteville.

11. Junior- or senior-level core courses in business and economics may be transferred from a school accredited by the International Association of Management Education (AACSB).

12. Junior- or senior-level core courses taken at a non-AACSB-accredited, four-year institution must either be repeated or validated by procedures specified and approved by the associate dean for academic affairs in Walton College.

13. Junior- or senior-level electives in business and economics taken at a non-AACSB-accredited, four-year institution may be accepted in transfer as junior/senior business administration electives.

14. Course work offered at the junior or senior level in Walton College will not be accepted for transfer credit from any two-year college.

15. Exceptions. All requests for, exceptions to, and variations from the rules, regulations, and requirements of Walton College and the University should be made in writing to the associate dean for academic affairs of Walton College. Consult the undergraduate programs office in Walton College for these requests.

Course Loads

The normal course load in Walton College is 15 to 17 hours per semester (and six hours per summer term). Students with a 2.75 grade-point average the previous semester may take a maximum of 18 hours. Seniors may take 18 to 19 hours, if required for graduation, during their final semester. Students on academic warning are limited to a maximum course load of 12 hours. See University regulations on the number of hours allowed per semester.

Foreign Language Concentration

An undergraduate B.S.B.A. degree-seeking student may elect to substitute 12 hours in a single upper-level foreign language for 12 hours in the junior-senior business administration elective block of courses for the degree requirements. In majors where less than 12 hours of junior-senior business administration electives are required to be presented, students may present the balance of the 12-hour foreign language study in general education electives.

Double Major

A student may elect to obtain a double major by completing all required courses for two majors in Walton College (but not in two concentrations within a single major). The minimum hour requirement for a double major is 138 degree credit hours. If there are courses common to both majors, the department chairs involved will agree upon and specify additional requirements in lieu of the common courses. The junior/senior business administration elective block is reduced by three hours; however, choice of the junior/senior business administration electives is restricted to no more than three total hours from each department that offers the two majors. Students who have elected to substitute a foreign language course of study for junior/senior B.A. electives must complete 12 hours of junior/senior language courses.

The student must notify the undergraduate programs office in Walton College of intent to pursue a double major. All requirements for double majors must be completed prior to awarding of a degree.

Additional Bachelor's Degrees

Students seeking a second bachelor's degree must contact the undergraduate programs office to ascertain specific requirements. Degree candidates must meet the University's general graduation requirements. The Univer
sity requires that 1) the student take a minimum of 30 semester hours over the requirements for the first degree, and 2) the 30 hours cover a minimum of 36 weeks in residency at the Fayetteville campus. Walton College also requires that the student complete all courses in the pre-business and B.A. core and the major and any additional business requirements (if some of these have been completed on the first degree, they are waived); it is recommended that any additional courses needed to finish the University's 30-hour requirement be junior or senior business electives. The second degree may be taken after the first is awarded, or both degrees may be awarded simultaneously after completion of all requirements for both.

College Graduation Requirements

1. University Requirements. Degree candidates must meet the following: the University's general entrance requirements, number of credit hours required in residence, and the "requirements for graduation," including the University Core, American history and English
proficiency.

2. Hour Requirements. Degree candidates must satisfactorily complete the total number of semester hours specified for the curriculum in courses approved for one of the majors outlined in the succeeding pages. No less than 50 percent of the total credits must be in approved subjects other than business administration.

NOTE: Not all courses offered by the University will be accepted for degree credit by Walton College. Courses falling into this category are ANTH 0003, PHSC 0003, CIED 0003, ENGL 0003, MGMT 1033; MATH 0003. Developmental courses are defined as 1) any course so designated by the University, and 2) any lower-division course taken after a higher-level course is taken. Credit will not be given for duplicate course work.

3. Grade Requirements. Students may not have more than six hours of the grade "D" in pre-business core course requirements. Each student must have a 2.00 cumulative GPA in each of the following areas:

a) All work completed at the University of Arkansas.

b) All courses specifically designated for the major.

c) All required business administration core courses and required economics courses.

4. General Education Course Work. A student's general education course work must satisfy University core requirements, additional college/program course-specific requirements, as well as these two area requirements: 1) social issues, multicultural environment, and demographic diversity, and 2) micro and macroeconomics. If a student has not satisfied these area requirements within the fine arts and/or social sciences areas of the University core, these area requirements must be satisfied through general education electives to allow students to complete degree requirements within the hours indicated above.

Courses that satisfy these area requirements are listed below. Note that many of these courses will also satisfy University core requirements. Where possible, a student should select courses that satisfy both requirements.

a) Social Issues, Multicultural Environment, and Demographic Diversity

ANTH 1023, Intro to Cultural Anthropol ogy (Univ. core)
SOCI 2013, General Sociology (Univ. core)
SOCI 2033, Social Problems (Univ. core)
WCIV 1003, Western Civ. I (Univ. core)
WCIV 1013, Western Civ. II (Univ. core)
GEOG 1123, Human Geography (Univ. core)
Any Foreign Language (core, if 2000- level or above, general education elec tive otherwise)

b) Micro/Macro Economics

ECON 2013, Principles of Macroeconomics (BA core)
ECON 2023, Principles of Microeconomics (BA core)

5. Residency Requirements. The senior year's curriculum (last 30 hours) in business must be taken in residence. In addition, the student's major requirements (or the degree equivalent) and MGMT4833 must be completed in residence. Specifically required junior or senior courses in business or economics must be taken at the University of Arkansas or at an AACSB-accredited school. At least 50 percent of the total hours in business and economics must be taken in residence.

6. Correspondence Course Rules. No more than 18 hours of course work taken by correspondence may apply toward a degree. These 18 hours may not include more than 12 hours of courses in economics or business administration, and may not include any junior- or senior-level economics or business administration courses without prior approval of the associate dean for academic affairs.

7. Catalog/Curriculum Changes. Business is a dynamic profession, and the college and department curricula are updated continuously to keep pace with changes in the business world. Students entering under this catalog will be required to comply with such curricular changes to earn their degree. The total number of hours required for the degree, however, may not be increased, and all work completed in accordance with this catalog prior to the curriculum change will be applied toward the student's degree requirements. Furthermore, courses incorporated into the curriculum at a level lower than the one the student has completed are not required for that student unless there are specific prerequisites. Students entering under earlier catalogs are responsible for completing the graduation requirements as published in the catalog in effect when they entered the program. Students having interruptions of their academic programs that exceed two calendar years must complete the requirements published in the catalog in effect when they re-enter the program. Exceptions to the graduation requirements must be approved by the associate dean for academic affairs and appropriate department chair.

Graduation with Honors

The bachelor's degree cum laude (with honors) may be conferred upon candidates who at graduation rank in the top 10 percent of their graduating class. The bachelor's degree magna cum laude (with high honors) may be conferred upon candidates who at graduation rank in the top 5 percent of their graduating class. The bachelor's degree summa cum laude (with highest honors) may be conferred upon candidates who at graduation rank in the top 2 percent of their graduating class. Beginning May 2003, only students in the honors program will be eligible to graduate with honors.

No honors degree will be conferred upon a candidate who has not completed at least 50 percent of his or her degree work at the University of Arkansas or who, in the last four semesters of attendance, has a cumulative grade-point average of less than 3.00 or has received a "D" or "F" in any course in the last semester. Certain other requirements will be outlined on request by the dean of the College.

Cooperative Education

Cooperative education (co-op) is an academic program that enables students to gain degree-related experience prior to graduation. It is a planned, progressive educational strategy in which the student obtains work experience related to his or her academic major and career goals. Participating students earn academic credit for their work experiences and are always paid by their employers. Co-op students can maintain their status as full-time students while participating in the program, even if their co-op experience requires they spend a semester working full-time.

Walton College students are eligible for co-op credit if they have 1) completed the pre-business core and have obtained at least 60 hours of credit, 2) a cumulative grade-point average of 2.5 or better, and 3) a grade-point average of 2.5 or better for the last full-time term completed. Students may receive one hour of credit per semester for a job that requires 12-19 hours of work per week or two hours of credit per semester for a job that requires 20 or more hours per week. A maximum of six hours of degree credit may be awarded as a junior- senior-level elective.

Students may seek either to qualify a job they have found themselves for co-op credit, or they may seek an employment opportunity through The Office of Career Development Services WCOB 117. The employment opportunity may be either a full-time, off-campus work assignment that alternates with semesters spent on campus taking courses (an alternating co-op), or it may be a part-time job undertaken concurrently with course work (a parallel co-op). Once a student has been matched with an approved job, the co-op coordinator, the faculty co-op adviser, the student's work place supervisor, and the student work together to formulate career-related learning objectives for the coming semester of work. These objectives must be in writing and in to the cooperative education coordinator in order for a student to be registered for coop. At the end of each semester of work, the student is required to submit a three- to five-page paper that re-states the student's learning objectives for the semester and discusses how the job experience fulfilled the objectives. The student is also required to submit an employer evaluation form, and the work supervisor is asked to submit an evaluation of the student's work.

For information on participating in Walton College co-op program, a current listing of co-op opportunities, and phone numbers of people with whom you may discuss these opportunities, visit the Cooperative Education home page on the World Wide Web at
http://www.uark.edu/depts/coopinfo/busipart.html/.

The Bachelor of Science in Business Administration degree is offered through an educational program in the business and organizational disciplines intended to prepare individuals to make sustained contributions to organizations and society in a global, diverse and dynamic environment. To achieve this objective the curriculum focuses on developing an individual's interdisciplinary problem-solving skills, interpersonal and communica-tion skills, ability to adapt to changing technology, spirit of entrepreneurial innovation, and ethical and professional values.

Walton College offers work in the following eight majors for the B.S.B.A. degree. Some majors have concentrations to allow additional specialization.

1. Accounting (ACCT)

2. Information Systems (CISQ)

Concentration I - Information Systems
Concentration II - Information Systems with Area Emphasis
Concentration III - Quantitative Analysis

3. Business Economics (BECO)

Concentration I - Business Economics
Concentration II - International
Economics and Business

4. Finance (FINN)

Concentration I - Finance and Banking
Concentration II - Financial Management/Investment
Concentration III - Finance and Insurance
Concentration IV - Finance and Real Estate

5. Management (MGMT)

Concentration I - AdministrativeManagement
Concentration II - Human ResourceManagement
Concentration III - Small BusinessManagement

6. General Business (GBUS)

7. Marketing (MKTT)

Concentration I - Retail Marketing
Concentration II - Industrial Marketing
Concentration III - MarketingManagement

8. Transportation (TRNS)

Requirements for B.S.B.A. Degree

Students pursuing a degree in Walton College are classified as pre-business (PBUS) with an intended major until all pre-business requirements are fulfilled. To enroll in upper-division courses, a student must obtain at least a "C" (2.00 on a 4.00 scale) overall grade-point average in addition to the completion of all pre-business core courses (or equivalents), also with a minimum 2.0 GPA. Further, a student may not have more than six hours of the grade "D" in the pre-business core courses for admission into the major or for the graduation requirement.

Freshmen should complete approximately 24 to 30 hours of the required hours listed under sections A and C before progressing to any sophomore courses (2000 level) listed under section B. Sophomores are expected to complete all of the sophomore courses listed under sections B and C to complete their pre-business program requirements.

A. University Core Requirements - 35 hours

English Composition (two courses)** - 6 hours
Finite Mathematics** - 3 hours
American History or Government - 3 hours
Laboratory Science (two courses) - 8 hours
Social Science (three courses) - 9 hours
Fine Arts & Humanities (two courses) - 6 hours

B. Additional Requirements for Business Students - 6 hours

Fundamentals of Communication** - 3 hours
Survey of Calculus** - 3 hours

C. Business Administration Core Courses - 42 hours

Lower-Division Courses - 21 hours

ACCT 2013 Introduction to Accounting Information I** - 3 hours
ACCT 2023 Introduction to Accounting Information II**- 3 hours
BLAW 2013 Legal Environment of Business** - 3 hours
CISQ 1121L Introduction to Information Systems** - 1 hours
CISQ 2232 Business Information Systems** - 2 hours
CISQ 2013 Business Statistics** - 3 hours
ECON 2013 Principles of Macroeconomics** - 3 hours
ECON 2023 Principles of Microeconomics** - 3 hours

Upper Division Courses - 21 hours

CISQ 3333 Information Systems Management - 3 hours
CISQ 3603 Production and Operations Management - 3 hours
FINN 3043 Principles of Finance - 3 hours
MGMT 3563 Management Concepts and Organizational Behavior - 3 hours
MKTT 3433 Principles of Marketing - 3 hours
Jr./Sr. Economics elective - any upper-division economics course - 3 hours
MGMT 4833 Strategic Mgmt. - 3 hours

D. Major Requirements (varies by major and concentration) - 5-22 hours

E. Business Electives (varies by major and concentration) - 8-12 hours

F. General Education Electives (varies by major and concentration) - 19 hours

TOTAL REQUIRED FOR BSBA DEGREE 126
(Total is less than the sum of the categories because some courses count in two categories)

** Pre-Business requirement: These 36 hours must be completed with a GPA of 2.0 and no more than 6 hours of "D" grades before a student is allowed to take upper-division business courses.

In addition to the core courses, each student will complete the required major courses, junior- senior-level business electives, and electives specified by each major.

Each student must have a 2.00 cumulative grade-point average in each of the following areas: all work completed at this University, all courses specifically designated for the major, all required Walton College core and economics courses. Students may not present more than six hours of the grade "D" in the pre-business core courses.

Bachelor of Science in International Business Degree (B.S.I.B.)

The Bachelor of Science in International Business degree is intended for students who wish to learn more about the international aspects of business. It provides preparation for a broad range of careers in business, including accounting, management, marketing, economics, information systems, finance, and transportation and logistics. This degree is also well suited for students wishing to continue their studies in law, international affairs, or graduate education in business and economics.

This degree requires completion of the University Core and Walton College Core courses, as well as course work in international business, a single foreign language and an area of the world related to that language. In addition, students must select a concentration in one of the following areas: accounting, business economics, information systems, finance, general business, management, marketing, or transportation and logistics.

Students pursuing a degree in the Sam M. Walton College of Business are classified as pre-business administration (PBUS) with an intended concentration until all pre-business requirements are fulfilled. For admission into the intended concentration, a student must obtain at least a "C" (2.00 on a 4.00 scale) overall grade-point average, in addition to the completion of all pre-business core courses listed elsewhere in the catalogue (or equivalents), also with a minimum 2.0 grade-point average. Further, a student may not have more than six hours of "D" grades in the pre-business core courses for admission into the major or for the graduation requirement.

Freshmen should complete approximately 24 to 30 hours of the required hours listed under section A and section C before progressing to any sophomore courses (2000 level) listed under section B. Under the pre-business program, sophomores are expected to complete all of the sophomore courses listed under sections B and C to complete their pre-business program.

Graduation Requirements for the B.S.I.B. Degree

Each student must have a 2.00 cumulative grade-point average in each of the following areas: all work completed at this University, all courses in the Business Administration Core, and all designated international business courses/functional concentration/foreign language courses. In addition, students may not present more than six hours of "D" grades in pre-business core courses.

Course Requirements for the B.S.I.B. Degree

A. University Core Requirements - 35 hours

See description and listing of the University core for the B.S.B.A. degree.

B. Additional General Education Requirements - 6 hours

MATH 2043, Survey of Calculus or Math 2554, Calculus I - 3 hours
COMM 1313, Fundamentals of Communication - 3 hours

C. Sam M. Walton College Core Requirements - 42 hours

ACCT 2013, 2023, Introduction to Accounting Information I & II - 6 hours
BLAW 2013, Legal Environment of Business - 3 hours
CISQ 1121L, Intro to Information Systems - 1 hours
CISQ 2013, Business Statistics - 3 hours
CISQ 2232, Business Information Systems - 2 hours
CISQ 3333, Information Systems Management - 3 hours
CISQ 3603, Production /Operations Management or TLOG 3613, Business Logistics - 3 hours
ECON 2013, Principles of Macroeconomics - 3 hours
ECON 2023, Principles of Microeconomics - 3 hours
ECON 3033 Microeconomic Theory - 3 hours
FINN 3043, Principles of Finance - 3 hours
MGMT 3563, Management Concepts and Org. Behavior - 3 hours
MGMT 4833, Strategic Management - 3 hours
MKTT 3433, Principles of Marketing - 3 hours

D. International Business Requirements - 15 hours

ECON 4633, International Trade Policy - 3 hours
ECON 4643, International Monetary Policy - 3 hours

Select 9 hours from the following: 9 hours
FINN 3703, International Finance
MGMT 4583, International Mgmt.
MKTT 4833, International Marketing
TLOG 4643, International Transportation and Logistics
ECON 4653, Economics of Multinational Enterprises (Other courses may fulfill this requirement if approved by an international business faculty adviser.

E. Business Concentration - 15 hours

Students must complete one of the following business concentrations:

Accounting

ACCT 3533, Accounting Technology - 3 hours
ACCT 3613, Managerial Uses of Accounting Information - 3 hours
ACCT 3721L, Financial Accounting Computer Lab - 1 hours
ACCT 3723, Financial Reporting and Analysis - 3 hours
Plus 6 hours of Jr./Sr.-level accounting courses - 6 hours

Business Economics

ECON 3133, Macroeconomic Theory - 3 hours
ECON 4333, Managerial Economics - 3 hours
ECON 4743, Introduction to Econometrics - 3 hours
ECON 4653, Economics of Multinational Enterprises - 3 hours
Plus 3 hours of Jr./Sr.-level economics course - 3 hours

Information Systems

CISQ 2263, COBOL Implementation of MIS - 3 hours
CISQ 3293, Systems Analysis and Design - 3 hours
CISQ 3393, Microcomputer Applications - 3 hours
CISQ 4283, Centralized Data Systems - 3 hours
Plus 3 hours of Jr./Sr.-level information systems course - 3 hours

Finance

FINN 3053, Financial Markets and Institutions - 3 hours
FINN 3703, International Finance - 3 hours
FINN 3063, Principles of Investments or FINN 3603 Intermediate Financial Management - 3 hours
FINN 4233, Financial Policy and Planning or FINN 4133 Advanced Investments - 3 hours
Plus 3 hours of Jr./Sr.-level finance courses - 3 hours

General Business

15 hours of 3000/4000-level courses in Walton College; no more than 9 hours in a single academic area - 15 hours

Management

MGMT 3743, Human Resource Mgmt. - 3 hours
MGMT 4583, International Mgmt. - 3 hours
Plus 9 hours of Jr./Sr.-level management courses - 9 hours

Marketing

MKTT 4133, Marketing Research - 3 hours
MKTT 4553, Consumer Behavior - 3 hours
MKTT 4533, Marketing Mgmt. - 3 hours
MKTT 4833, International Marketing - 3 hours
Plus 3 hours of Jr./Sr.-level marketing courses - 3 hours

Transportation and Logistics

TLOG 3443, Principles of Transportation - 3 hours
TLOG 3613, Business Logistics - 3 hours
TLOG 4643, International Transportation and Logistics - 3 hours
Plus 6 hours of Jr./Sr.-level transportation courses - 6 hours

F. Foreign Language Requirements - 12 hours

For students whose native language is English, 12 hours of University course work are required in a single foreign language-six hours of intermediate language and six hours of upper-division course work in communications and business language, or equivalent. Students who, on the basis of prior knowledge of language, omit one or both courses in the intermediate language sequence FLAN 2003, FLAN 2013 may receive degree credit for omitted courses if they validate their higher placement by passing the business language course (or equivalent) with a grade of "C" or above. Students with no previous foreign language training or only rudimentary knowledge of a foreign language will be required to complete up to six hours of elementary language FLAN 1003, FLAN 2003 in addition to the 12 hours of language specified above. No degree credit will be given for elementary language courses.

Students whose native language is not English must select a third language or substitute six hours of upper-division English language courses, i.e., speech, writing, or U.S. literature to be selected with the consent of the international business adviser. Those students whose native language is not taught at the University of Arkansas will normally be required to select a third language.

G. Area Studies Requirements - 9 hours

For students taking a foreign language, nine hours of upper-division course work in the J. William Fulbright College of Arts and Sciences are required. Students can satisfy this requirement in one of two ways. One way is to select, with the consent of the international business adviser, courses pertaining to an area of the world (country or region) that is related to the student's foreign language. These courses could include additional courses in the same foreign language provided the language courses emphasize literature or other cultural topics. For guidance, students should consult the relevant area study concentrations listed in the University catalog under the Fulbright Institution for International Relations. Alternatively, students taking a foreign language can satisfy the area studies requirement by completing a minor in the selected foreign language.

For students who substitute six hours of upper-division English language courses, 9 hours of upper division course work in Fulbright College pertaining to the United States, e.g., history, political science, etc., are
required. If the foreign student has significant experience in or knowledge of the United States, the student may propose a six-hour project to substitute for the language requirement, subject to consent of the student's international business adviser. The project must be justified as contributing to the student's knowledge and understanding of interdependencies among countries, broadly defined but emphasizing social, political, economic, and humanitarian relationships rather than technical relationships.

H. International Experience Requirement

All students are encouraged to take courses and work abroad. At a minimum, a domestic student must complete the equivalent of one summer term of course work abroad, or work abroad, or work with the international division of a domestic company as part of their program. Foreign students are encouraged but not required to seek job experience in a company located in a country related to their foreign language requirement.

Total Degree Requirements - 125 hours

Clarifying Notes on Degree Requirements

1. The accounting concentration includes a one-hour lab course, ACCT 3721L. Total degree requirements for students selecting this concentration, therefore, are 126 hours.

2. Courses that are required in either Walton College or the international business core and also are required in one of the business concentrations cannot be used to satisfy both requirements. For example, students who take FINN 3703 to satisfy the finance concentration requirements cannot also use it to satisfy the international business requirements.

3. Students who select ECON 2013 and ECON 2023 to partially satisfy the social science bloc and FLAN 2003 to partially satisfy the fine arts and humanities bloc of the University Core Requirements can complete the degree with 125 hours. Students selecting other courses to satisfy these requirements will have longer programs.

Minors in the J. William Fulbright College of Arts and Sciences

Students in Walton College may pursue an academic minor in the J. William Fulbright College of Arts and Sciences. Academic minors usually consist of 15 to 18 hours of course work. The available minors and course requirements are specified in the Fulbright College section of this catalog. Students must notify the Undergraduate Programs Office in Walton College of their intention to pursue a minor as early as possible. Walton College will certify that the requirements of the minor have been satisfied by graduation and, with the assistance of the Fulbright College, will advise students on the requirements to complete a minor. The minor will be designated on the student's transcript.

Courses that are part of the University Core Requirements or the Additional General Education Requirements or any other non-business course that is part of a student's course of study may also be counted for credit in a minor. For example, ANTH 1023, introduction to cultural anthropology, is a concentration in the B.S.B.A. social science bloc and can also be used to satisfy the requirements of the anthropology minor. Other courses in a minor can be counted as general education electives. Walton College economics majors in the business economics concentration or the international economics and business concentration may not obtain a Fulbright College minor in economics.

Business Administration Minors for Non-Business Students

To facilitate students outside Walton College in obtaining knowledge that will assist them in making sustained contributions to organizations and society in a global, diverse, and dynamic environment, Walton College offers a business administration minor. The minor requires completion of a minimum of 21 required hours of study (including equivalencies) with at least 50 percent of the courses applied toward the minor taken in residence. Each student must have a 2.00 cumulative grade-point average in the courses offered for the minor.

All students seeking a business administration minor are required to complete the following courses:

ACCT 2013, Introduction to Accounting Information I
ECON 2143, Basic Economics ­ Theory and Practice
CISQ 1121L, Introduction to CIS (or equivalent)
CISQ 2013, Business Statistics (or equivalent)

In addition, students must select and complete one of the following concentrations:

Concentration 1 - General Business

Select 11-12 hours from the following courses (at least 6 hours must be at the 3000-4000 level).

ACCT 2023, Intro to Accounting Info II
BLAW 2013, Legal Environment of Business
CISQ 2232, Bus Info Systems (or equivalent)
CISQ 3333, Info Systems Management
CISQ 3603, Productions and Operations Management
FINN 3043, Principles of Finance
MGMT 3563, Management Concepts and Organizational Behavior
MKTT 3433, Principles of Marketing
Plus any other 3000- or 4000-level Walton College course

Concentration 2 - Information Systems Option A or B:

A. Students desiring a general business computing area of emphasis must complete the following:

CISQ 2232, Bus Info Systems (or equivalent)
CISQ 3333, Info Systems Management
CISQ 3253 Business Data Communications
CISQ 3373, End-User Computing
CISQ 3533, Developing Multimedia Applications

B. Non-business computing majors desiring a business systems analysis and decision support area of emphasis must complete the following:

CISQ 2263, COBOL Implementation of MIS
CISQ 3293, Structured Systems Analysis
CISQ 3333, Info Systems Management

Plus one course from the following:

CISQ 3283, Advanced COBOL
CISQ 3253, Business Data Communications
CISQ 3373, End User Computing
CISQ 3393, Microcomputer Business Applications
CISQ 4253, Business Systems Simulation
CISQ 3533, Developing Multimedia Applications

Concentration 3 - Business Economics

ECON 4333, Managerial Economics and an additional nine hours of 3000- or 4000-level business economics courses.

Concentration 4 - International Business

Select 12 hours from the following:

ECON 3833, International Trade
ECON 3843, Economic Development
ECON 4533, Comparative Economic Systems
ECON 4633, International Trade Policy
ECON 4643, International Monetary Policy
ECON 468V, International Econ/Bus Seminar
FINN 3703, International Finance
MGMT 4583, International Management
MGMT/MKTT 4683, International Seminar
MKTT 4833, International Marketing
TLOG 4643, International Transportation Logistics

Concentration 5 - Management

MGMT 3563, Managerial Concepts and Organizational Behavior
Plus an additional nine hours of 3000- or 4000-level management courses (except MGMT 4833)

Concentration 6 - Marketing

MKTT 3433, Principles of Marketing

Plus an additional 9 hours selected from the following:

MKTT 3533, Promotional Strategy
MKTT 4033, Selling and Sales Mgmt.
MKTT 4133, Marketing Research
MKTT 4553, Consumer Behavior
MKTT 4833, International Marketing
MKTT 4933, Retail Marketing Strategy
MKTT 4943, Retail Buying and Merchandise Control
TLOG 3613, Business Logistics

Concentration 7 - Transportation and Logistics

TLOG 3443, Principles of Transportation
TLOG 3613, Business Logistics

Plus an additional 6 hours selected from the following:

TLOG 3623, Purchasing and Inventory Systems
TLOG 4633, Transp Carrier Management
TLOG 4643, International Transp Logistics
TLOG 4653, Transp & Logistics Strategy

In addition to the above course requirements, non-business, degree-seeking students working toward a minor should note the following:

1. Students who elect to obtain a business minor must provide written notice of their intent to the dean's office of the college in which they are receiving a degree. This notice and all requirements for the business minor must be completed prior to the awarding of the student's undergraduate degree.

2. Business minor students must complete all 1000- and 2000-level courses required for the business minor and be a junior- or senior-level student to enroll in 3000- or 4000-level business administration courses.

3. All specific course prerequisites must be met. Although business minor students are not required to satisfy the entire pre-business core, they must complete the required courses and any other prerequisite course specified prior to enrolling in a 3000/4000-level course.

4. ECON 2143 will substitute for ECON 2013/2023 for prerequisite purposes. In addition, students who take both ECON 2013 (Macroeconomics) and ECON 2023 (Microeconomics) will satisfy the economics requirements of the minor.

5. Business minor students are ineligible to take MGMT 4833, Strategic Management.

6. Students who have taken courses determined to be equivalent to the requirements of CISQ 1121L, 2013, or 2232 will receive credit toward the minimum 21-hour requirement for the minor. All equivalencies must be approved by the associate dean for academic affairs.

GRADUATE STUDIES

The University of Arkansas offers the following advanced degrees in business administration: Master of Accountancy, Master of Business Administration, Master of Arts in Economics, Master of Transportation and Logistics Management, Master of Information Systems, Doctor of Philosophy in Business Administration, and Doctor of Philosophy in Economics.

For further information about these programs and requirements for admission, see the Graduate School Catalog or write to the associate dean for academic affairs, Graduate School of Business, 475 Walton College.